Which bank credit card has no annual fee

Many banks have credit cards with no annual fee, such as the UnionPay Civil Servant Card of Bank of Communications and Agricultural Bank of China, the Great Wall Credit Card Gold Card of Bank of China, and the Postal Service Card. Savings Bank’s Ding Card credit card, China CITIC Bank’s Blue Card, China Construction Bank’s Red Cross co-branded card and civil servant card, etc. What I want to tell you is that many banks support spending six times in a year, and you can enjoy the annual fee-free service the following year.

Different banks have different annual fee standards for credit cards, and the annual fees for different credit card types of the same bank are also different. However, currently, credit cards issued by domestic banks usually adopt the policy of exempting the annual fee in the first year and swiping the card a certain number of times to waive the annual fee in the following year (except for some platinum credit cards). Therefore, as long as the credit card can meet the consumption standards required by the bank, it is equivalent to a full exemption. Annual fee. For example, Bank of China, Agricultural Bank of China, and Industrial Bank credit cards are exempted from annual fees in the first year, and the annual fee for the following year is waived if the card is swiped 5 times within a year; ICBC credit card is swiped 5 times within a year, and the annual fee is waived for that year (ICBC credit card annual fee is in the natural year) It is charged at the end of the year, not in advance, so there is no annual fee exemption in the first year); the China Construction Bank credit card is exempt from the annual fee in the first year, and if the card is swiped three times in a year, the annual fee for the next year is waived; the Bank of Communications credit card is exempted from the annual fee in the first year , the annual fee for the next year can be waived by swiping the card six times a year (Bank of Communications Platinum Credit Card does not have an annual fee waiver policy).

A credit card, also called a credit card, is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card. On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000).

On May 25, 2021, the Supreme People’s Court issued and implemented the “Regulations of the Supreme People’s Court on Several Issues Concerning the Trial of Bank Card Civil Cases.”

Which bank’s credit card does not require an annual fee?

As long as you swipe six times at will, the annual fee will be waived. As long as you swipe six times, the annual fee will be waived the following year.

1. ICBC: If you swipe the card 5 times a year or the amount reaches 5,000 yuan, the annual fee for that year will be waived.

2. Agricultural Bank of China: Annual fee is waived for the first year

3. Bank of China: Users who apply after March 1 are exempted from annual fee for the first year, and annual fees for the following year are waived after 5 purchases. ; Bank of China credit card is exempted from the annual fee in the first year, and the annual fee for the next year is waived after 5 purchases.

4. China Construction Bank: The gold card and regular card are exempted from the annual fee in the first year, and the annual fee is waived for the following year after 3 purchases in a year. Annual fee.

5. China Merchants Bank: The annual fee is waived in the first year, and the annual fee for the next year is waived if you use the card 6 times a year (no limit on the amount).

6. Pudong Development Bank: Gold Card and Regular Card are free of annual fees in the first year. The annual fee for the second year will be waived if the consumption amount of the gold card exceeds 5,000 yuan in the first year, and the consumption amount of the regular card exceeds 2,000 yuan.

1. Agricultural Bank of China’s Golden Harvest QQ Alliance IC Credit Card, China Construction Bank’s all-currency international chip credit card, China Merchants Bank’s all-currency credit card, Samsung and Olympic VISA small cards, Postal Bank’s credit card Ding The cards are free of annual fees for life.

2. At present, most credit cards require annual fees, but some banks will also launch annual fee-free activities. Cardholders only need to swipe the card the number of times to be exempted from the annual fee. For example, the Golden Harvest World Credit Card launched by Agricultural Bank of China has an annual fee of 200 yuan per year. The annual fee is waived in the first year of application. Users only need to swipe the card 5 times in the first year to be exempted from the annual fee in the following year.

3. After applying for a credit card, some people are not very satisfied with the credit limit given by the bank, so they choose not to activate the card or cancel it. However, some credit cards will incur annual fees even if they are not activated. If the cardholder does not cancel the card or pay the annual fee, it will eventually lead to the credit card's annual fee being deducted without consumption and becoming overdue. Depending on the product, the annual fee charging standard is slightly different. If it is a CCB credit card, the annual fee can be waived for general cards by using the number of card swipes, except for special card types. The annual fee for the Dragon Card Family Beloved Credit Card UnionPay Moderator Card is 580 yuan/ Card/year, the annual fee for supplementary cards is 300 yuan/card/year, no annual fee is waived if the card is not swiped, China Construction Bank has the right to charge the annual fee regardless of whether the card is activated or not.

What credit cards are permanently free of annual fees? These cards are worth a look

Credit cards generally charge annual fees. Most regular cards charge 50 yuan/year, and gold cards charge 100 yuan/year. Sometimes banks waive the annual fee in the first year in order to promote sales. , or there is no annual fee for making 6 purchases. There are also some credit cards that are permanently free of annual fees, which is a lot of benefits. What are the credit cards that are permanently free of annual fees? Let’s find out together!

Credit card with permanent annual fee exemption

1. Industrial Bank Mastercard Champions League Platinum Credit Card (Elite Edition)

This card has no annual fee within the validity period. It is suitable for people who often go abroad, because there is no foreign transaction and exchange fee, and there is also 10 million public traffic accident insurance and happy travel insurance. The application conditions are relatively simple. You must be over 18 years old and have a stable source of income. , good credit, easy to apply.

2. Everbright Douyin Co-branded Card Titanium Card

This card is also free of annual fees during the validity period. If you often go to Starbucks or use Ele.me a lot, you may consider this card. Get a card, because it has a discount of 20 off for purchases over 40 years old at Starbucks. Selected brands on Ele.me can get 20 off for purchases over 30 years old. It is very affordable if you use it a lot. It is not difficult to apply. You must be 18 years old or above. If you have a stable income and good credit, you can give it a try.

3. Shanghai Pudong Development Bank Ning Zetao Youth Credit Card Gold Card

This card is permanently free of annual fees, and can achieve 100% cash withdrawal, and the installment fee can also be reduced to nine Discount, but there are certain conditions for application. You need to be under 40 years old. There are also academic requirements. You need a full-time undergraduate degree or above. If you graduate from a foreign institution, you also need to provide a degree certificate.

4. Agricultural Bank of China’s Ranmeng Series Credit Card

The Agricultural Bank of China’s Ranmeng Credit Card is a platinum-level credit card with no annual fee within the validity period. One special feature of this card is that it Interest will be settled on deposits. During its interest settlement cycle, if the average daily deposit balance in the card is more than 1,000 yuan, interest will be settled based on the current deposit interest rate.

There are certainly many credit cards with permanent annual fee exemptions, and the application conditions of each bank are different. If you don’t want to calculate the number of card swipes or the amount to avoid annual fees, then it is best to directly apply for a credit card with permanent annual fee exemption.

That’s it for the introduction of credit cards with no annual fee.